Monday, July 29, 2013

What You Should Know About Filing an Amended Tax Return

If you have already filed your tax
return but realize later that it had an error, there is no need to panic. You
still have a chance to correct the mistake by filing an amended tax return. The
following are some things you should be aware of about filing amended tax
returns:Get Free Tax Calculator

Amended returns cannot be done online, but only on
paper. To file an amended tax return, you will use Form 1040X. Make sure
that you indicate the year of the return you wish to amend.

Don’t file an amended tax return simply to fix math
mistakes or to not attach your W-2 or other forms to the return if you did
not do so originally. The IRS automatically fixes math errors for you and
they will send you a letter requesting any relevant forms that you did not
attach to the original return; you don’t have to file an amended return
just to attach documents.

If you have more than one tax return to amend, prepare
a separate form for each return and mail them in separate envelopes.

If you end up owing extra taxes after filling in the
Form 1040X, you will need to pay the extra tax as soon as you can so as to
avoid penalties and interests.

If your income, filing status, credits, or deductions
have changed, then you will need to file an amended tax return.
Furthermore, attach the required form or schedule if the changes you are
making require them to be there.

If you plan to file an amended tax return for the
purpose of claiming an additional refund, you will have to wait to get the
original refund before preparing your Form 1040X.

The IRS has a tool called ‘Where’s
My Amended Return?’ which you can use to keep track of the status of your
amended tax return. This tool can be found in English and Spanish on the IRS
website or by simply calling the IRS hotline. You can begin tracking the status
of your return three weeks after you have filed. You can monitor the status of
your amended return up to three prior years and the present year as well.

If you choose to use this tool via
phone, you will have to call a specific IRS number, depending on what the tool
instructs you to do. When using it online, all you need to do is indicate your
date of birth, Tax Identification number (your Social Security number) and zip
code. If you filed amended returns for over one year, you can keep track of the
status of each return individually.

State Income Tax Filing 2011

Prepare your 2011 state income tax filing online and get fast tax refund. There Are so many advantages are available on Electronically tax filing. Online tax filing is the one of the best option for file your state tax filing.

Free Tax Filing 2011 ...

* Free Tax Filing

* Free Federal 1040ez

* Maximum Tax Refund

* Maximum Tax Deduction

* Fast, Easy & Secure Filing

* 100% Accuracy Guaranteed

* All States Supported

Total Pageviews

File Free your Taxes

File Free Your 2011 Taxes Online

100% Free Federal Tax Filing

We Provide

100% Accuracy Guarantee

Safe & Secure Tax Filing

Free Customer Support

Free Tax 2010

Free Tax Filing Electronically For 2011 Taxes...

Free E File your 2011 state taxes, federal taxes, IRS taxes and more at here. Prepare free your taxes and get more benefits at the time of E filing.

E file Your Taxes - Free Tax 2011

E filing is the best option for file your income taxes 2011. Now file your 2011 state taxes, federal taxes and more via internet.

Free Federal Tax Filing

If your AGI (adjusted gross income) for 2008 is less than $56,000, it should be very simple for you to get your federal tax return filed for free.

IRS Tax ID Number

US Tax Filing

Online Free Tax Filing USA

Everything that you need to file free online tax returns is included at no charge - prepare your federal return, print your return, and take advantage of free online tax filing with e-file for a refund in as few as 8 days.